[Amerigomag]

The fact is, they didn't need to issue those bonds at all. They issued about $11 billion of the $15 billion dollar package that Arnold sold in 2004. Just one short year later, the state ended its fiscal year with a $9 Billion surplus, after cutting very little from state expenditures. The Prop 57/58 sham of all shams.

Please forgive me, I know the reply is intended for California, Republican lurkers, but;

Duh

[calcowgirl]

I'm sorry.... I know you are well aware of it, as you, I, and heleny were some of the first to question the content and intent of Prop 58. But it still just irks me that people believe they were "refinancing" existing debt and that the "budget is balanced".

Unfortunately, I see more of the same sham in the shadows of this package.